Indo Tech Transformer Ltd. Technical chart | 15-Nov-2011

Here is a technical chart of Indo tech transform with ichimoku indicator.























Indo tech transformer faces a strong resistance at 135.10, when it tried to crossed kumo on 31-Oct-2011. From that failure, it started its downward journey and yesterday, it closed at 112.95. Since it CLOSED below kumo, there is much downward left for this stock. Do not buy this stock at this stage. Rs.108 is the immediate support level. Major resistance levels are Rs.130 and Rs.207.


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